Thursday, April 30, 2009

There must be 300 ways to leave your....

Businesses are supposed to succeed and fail in the United States.  It is the nature of the free market economy.  Chrysler has filed for bankruptcy and it appears that Fiat will try to marry the weakest car company in the US. Sounds like a great fairy tale - italian prince saving the starving little princess.  Fiat will have its hands full. They need to come up with some great products and fast.  The 300 was a bust.   Fiat line up of cars is an interesting mix and possibly might catch on with some US drivers.

I am looking forward to the next sixty days to listen to the pundits tell everyone how this is the right thing to do.  I am not sure but I know that we (the taxpayers) just gave this company $4 Billion to stay afloat. Looks like that was a poor investment.  The US government will not let Chrysler fail because they want their money back, I mean "our" money...

Some of the most interesting things that will come out of this first filing (how many more will come?) are how the dealers will be handled and how the suppliers will treat the new Chrysler.  If Fiat (Fix it again Tony) can not save Chrysler then we will most likely see it fade into nothing.

What do you think is the correct course of action for the Obama administration over the next few months?  

Do you think saving Chrysler is even worth it in the long run?

I would like to know your POV... dg

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